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China's Provinces Show Evidence Of Financial Pressure And The Economy's Imbalances

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Authored by Milton Ezrati via The Epoch Times,Some 28 provinces and separate jurisdictions increasingly have had to turn to Beijing for help closing budget gaps, according to China's Ministry of Finance.People walk next to a screen with a stocks indicator in the Jing'an district in Shanghai, China, on April 7, 2025. Hector Retamal/AFP via Getty ImagesIt is not unusual for Beijing to have to chip in. It gets the lion's share of the country's tax revenues. But the growing need to turn to Beijing nonetheless points to the economy's imbalances and other problems.Some transfers from Beijing have occurred since the…

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